Claerhout is joining the New York-based private equity firm as a partner. He spent almost 13 years at the Ontario Teachers’ Pension Plan before leaving in February 2018, when he was head of infrastructure. (The Logic)

Talking point: Claerhout is tasked with co-leading infrastructure investments for Searchlight’s more than US$7 billion in assets under management. At Teachers’, he managed over US$18 billion in investments. Claerhout will be competing for deals against his former colleagues. In October, Teachers’ CIO Ziad Hindo told The Logic he plans to focus on infrastructure investments; earlier this year, the pension fund signed a deal with Sidewalk Labs to make investments in the space. That’s not the only overlap area. After leaving Teachers’, Claerhout spent nearly two years at Boston Consulting Group (BCG). BCG Digital Ventures is now partnering with Teachers’ on a new incubator, which is partially focused on infrastructure firms.